Monday 14 July 2025
           
Monday 14 July 2025
       
Business
Investment hits rock bottom due to uncertainty
Investment in Bangladesh-both domestic and foreign-has plunged to its lowest point in over a decade, as ongoing political instability, widespread uncertainty, and a deteriorating law and order situation continue to cast a long shadow over the economy.In the aftermath of the mass uprising in July 2024, Bangladesh has been undergoing an extended period of unrest, ...more
Specialized banks  face deepening crisis
Bangladesh is witnessing a financial strain among six state-managed specialized banks, as unchecked loan disbursements, lackluster recovery mechanisms, and systemic inefficiencies threaten their survival. These institutions, mandated to drive socio-economic inclusion, have instead become hotbeds for defaulted credit and corrupt lending practices. In a recent high-level meeting convened by the Finance Ministry's Financial Institutions Department, ...more
BB going to gain status as  constitutional institution
The government is going to take a groundbreaking step in the economic history of Bangladesh. For the first time, an initiative has been taken to transform Bangladesh Bank into a constitutional institution. The draft ordinance named 'Bangladesh Bank Order, 2025' has been finalized to give the central bank full authority over the financial sector, make ...more
 Royal Bengal AI offers remote internship for aspiring AI enthusiasts
 Royal Bengal AI, a US-based international technology company, has announced a remote internshipprogramme focused on Artificial Intelligence (AI), aimed exclusively at high school and college-level students.This opportunity is specially tailored for those interested in AI, regardless of prior coding experience."We are looking for individuals who are simply passionate about AI," the company noted in itsannouncement.To be ...more
Budget of Tk 7.9 tr approved
The National Budget Advisory Council has approved the national budget of Tk 790,000 crore for the next fiscal year. The budget proposal was finalized at a meeting held on Sunday under the chairmanship of Chief Advisor Dr. Muhammad Yunus.In the different reality of Bangladesh that changed after the July coup, this time, Finance Advisor Dr. ...more
Bank owners  grab Tk 1.75 tr in defaulted loans
An alarming financial scandal is shaking Bangladesh’s banking sector to its core, as nearly Tk 1.75 trillion in defaulted loans has been traced back to a group of powerful bank directors and owners, raising serious concerns about insider abuse, systemic corruption, and weak regulatory enforcement.According to the latest report by Bangladesh Bank, the total amount ...more
10 banks hold Tk 3.31 tr in defaulted loans
Bangladesh’s banking sector stands at the edge of a financial abyss. The latest report from Bangladesh Bank reveals a devastating truth: just 10 banks are now responsible for Tk 3.31 trillion (Tk 331,310 crore) in defaulted loans, accounting for more than 71 percent of the country’s total non-performing loans (NPLs). At the end of March ...more
Budget cuts hit poor amid rising costs
As Bangladesh grapples with rising inflation, increasing cost of living, and shrinking employment opportunities, the newly proposed budget for the fiscal year 2025-26 has delivered a concerning message for the nation’s poor. The government’s allocation for poverty alleviation has reportedly decreased compared to previous years, sparking alarm among economists, development analysts, and civil society observers.The ...more
Budget faces questions as peoples’ relief ignored
As Bangladesh steps into a new fiscal year, the national budget for 2025-26 presented by Financial Advisor Dr. Salehuddin Ahmed has sparked concern among economists, business leaders, and ordinary citizens alike. While the budget may reflect a strategy for fiscal prudence, many argue it lacks the ambition and empathy needed to tackle the country’s deepening ...more
‘Budget to make competition difficult for local producers’
The national budget for the fiscal year 2025-26, announced amidst a challenging global economic climate, has raised significant concerns among local business leaders and industry experts. While the government has highlighted critical priorities such as inflation control, food security, and social protection, the Dhaka Chamber of Commerce and Industry (DCCI) has pointed out that the ...more
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